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beyond “not for profiteering..”

beyond “not for profiteering..”

a case of the open venture..

During my journey with The-Hub.net I have increasingly found myself in the nexus between the false morality of the “Not For Profit” world and the auto malignment of the “For Profit” world. A nexus that has over the course of the last 10 or so years produced a whole world of Social Enterprise — with numerous off springs corporate forms like community interest companies…

All, built under an overarching assumption — profits need to be controlled so more capital can be returned for social good. A largely fair assumption on the face of it.

But what does “Not for Profit” mean…. It means there is no return on equity capital — i.e no dividends — that is merely it; as ALL the other modes and methods of profiteering, seeking economic rent, asset accrual, IP hoarding remain open through instruments of debt, directors payee, licence fee etc…

Fundamentally, a “Not for Profit” entity in itself, does not automatically ensure a gold standard of ethical corporate behaviour as much as a “For Profit” does not automatically presume a deal with the devil

The issue is, in many cases NOT about the precise legal form, be it “for profit” or “not for profit” as these are merely out of date proxies — but how equitable and efficient is the allocation of capital, how open & transparent is their governance and management, how ethical and equitable is their recruitment, payee and procurement.

The labelling of the morality of a corporate is increasingly more complex than the simplistic “For Profit/Not for Profit” tabloid debate and we are need to move beyond this industrial simplicity.

And perhaps, also we need to take this moment to not privilege a singular moral view but instead embrace a radical systemic corporate Openness.

For openness, allow us all as outsiders to hold and make our own personal moral judgement based upon our comprehension and context but also more importantly it also invisibly but tangibly induces an uplift in the quality of a companies’ corporate governance and ethical practices — the real prize for a sustainable tomorrow…

So perhaps in order to have a socially equitable & democratically rich future — The Future has to be Open…